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The purpose of this paper is to examine whether the current cartel fine levels of the European Union and the United States are at the optimal levels. The article does this by collecting and analyzing the available information concerning the size of the overcharges caused by hard core pricing...
Persistent link: https://www.econbiz.de/10014050311
This article examines the nature of the effect of the U.S. Supreme Court's Empagran decision through the lens of the global vitamins cartel, using legal and economic analysis and also empirical data to describe the effect. The article commences with a discussion of the analytic approach adopted...
Persistent link: https://www.econbiz.de/10014051606
An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis … application of these sophisticated economic tools by the EU and US authorities so far. This makes an in-depth study of the case …. Therefore, we highlight certain similarities as well as (minor) differences between the EU and US proceedings. Interestingly …
Persistent link: https://www.econbiz.de/10003417465
. In the E.U., competition law is effectively “constitutional” by virtue of its being part of the Treaty on the Functioning … to the reconciliation of conflicting concerns. The E.U. approach is less flexible but may provide greater predictability …
Persistent link: https://www.econbiz.de/10012938131
Persistent link: https://www.econbiz.de/10003863197
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10008823183
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10009671907
For criminal violations of the Sherman Act, although guided by federal sentencing guidelines, U.S. Department of Justice has great latitude in recommending corporate cartel fines to the federal courts, and its recommendations are nearly always determinative. In this paper, we analyze the...
Persistent link: https://www.econbiz.de/10013085647
.S. and the EU, with exemplary looks at England and Germany, delineating the boundaries of the right to damages in the two … position in the EU approves of cartel supplier damage claims. We show that this is consistent with the ECJ case law and in line … with the new EU Damages Directive. From a comparative law and economics perspective, we argue that more generous supplier …
Persistent link: https://www.econbiz.de/10012900513
Government enforcement against collusion, now viewed by the Supreme Court as the “supreme evil” in antitrust, has gone through various phases of enforcement in the United States. There have been periods in which cartels have been able to collude more or less effectively given various...
Persistent link: https://www.econbiz.de/10012852491